NRG Energy (NRG) Strikes $4 Billion Plant Deal And Lifts Dividend 8%

NRG Energy (NYSE:NRG) agreed to sell six natural gas power plants totaling 4.9 GW to LS Power for US$4b in cash. The assets involved are gas fired facilities in key US markets, with closing targeted for the second quarter of 2027 pending approvals. NRG plans to use the proceeds for US$1b in debt reduction, US$1b in share repurchases, and an 8% dividend increase. The US$4b natural gas plant sale an